Guideline Value for B-Blcok 6th Street

B-Blcok 6th Street guideline value

The current guideline value for B-Blcok 6th Street in Periakudal village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of B-Blcok 6th Street has changed

Over the years, the guideline value for B-Blcok 6th Street has seen several revisions. The 2007 revision set the value at Rs 10,000 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, reflecting a 5% rise. However, in the 2017 revision, the value dropped significantly to Rs 7,035 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back up to Rs 10,500 per sq.ft, and the latest revision in 2024 has increased it further to Rs 11,500 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. B-Blcok 6th Street's 2024 figure aligns with this median.

• B-Blcok 11th Street: Rs 11,500 per sq.ft (2024)
• B block 12 th street: Rs 11,500 per sq.ft (2024)
• B- Block, 2nd Avenue, 96 to 107, 107A: Rs 15,900 per sq.ft (2024)
• BeriBeri Nagar: Rs 11,000 per sq.ft (2024)
• Bharathipuram Main Road: Rs 3,300 per sq.ft (2024)
• Brevery Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in B-Blcok 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000, bringing the total cost to Rs 10,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B-Blcok 6th Street?

B-Blcok 6th Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in Periakudal

The guideline value is a crucial factor during the registration of property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the legal requirements set by the state. Buyers and sellers should be aware of the current guideline value to ensure transparency and compliance during the registration process.

Frequently asked questions

What is the current guideline value for B-Blcok 6th Street?

The current guideline value for B-Blcok 6th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various revisions in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for B-Blcok 6th Street?

B-Blcok 6th Street is classified as Residential Special Type - I under the AnnaNagar SRO.

What are the other streets in Periakudal with similar guideline values?

Other streets in Periakudal with guideline values similar to B-Blcok 6th Street include B-Blcok 11th Street and B block 12 th street, both at Rs 11,500 per sq.ft in 2024.

Where can I find the AnnaNagar Sub Registrar Office?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.